Raymond James Raises Birchcliff Energy (BIR) Price Target to C$6.50

Birchcliff Energy (TSE:BIR) had its price target hoisted by Raymond James from C$6.00 to C$6.50 in a research report released on Thursday, BayStreet.CA reports. Raymond James currently has an outperform rating on the oil and natural gas company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Eight Capital increased their target price on shares of Birchcliff Energy from C$4.50 to C$4.75 in a research report on Thursday, February 14th. Haywood Securities dropped their target price on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research report on Thursday, January 17th. TD Securities dropped their target price on shares of Birchcliff Energy from C$7.50 to C$7.00 and set an action list buy rating for the company in a research report on Friday, February 15th. BMO Capital Markets increased their target price on shares of Birchcliff Energy from C$4.00 to C$4.25 and gave the stock a market perform rating in a research report on Thursday, February 14th. Finally, National Bank Financial increased their target price on shares of Birchcliff Energy from C$6.00 to C$6.75 and gave the stock an outperform rating in a research report on Thursday, February 14th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Birchcliff Energy currently has an average rating of Buy and an average price target of C$6.29.

Shares of TSE:BIR traded up C$0.04 during midday trading on Thursday, reaching C$3.91. 1,188,293 shares of the company’s stock were exchanged, compared to its average volume of 793,652. The company has a market capitalization of $1.03 billion and a price-to-earnings ratio of 10.57. Birchcliff Energy has a 12 month low of C$2.57 and a 12 month high of C$5.45. The company has a debt-to-equity ratio of 36.89, a quick ratio of 0.68 and a current ratio of 1.20.



Birchcliff Energy (TSE:BIR) last released its quarterly earnings data on Wednesday, February 13th. The oil and natural gas company reported C$0.27 EPS for the quarter, topping analysts’ consensus estimates of C$0.13 by C$0.14. The business had revenue of C$154.72 million for the quarter, compared to the consensus estimate of C$174.00 million. Sell-side analysts forecast that Birchcliff Energy will post 0.32 EPS for the current year.

About Birchcliff Energy

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other assets located in the Peace River Arch area of Alberta.

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Analyst Recommendations for Birchcliff Energy (TSE:BIR)

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